NYC Web3

FTX led by Sam Bankman-Fried has acquired 30% of SkyBridge Capital, the alternative investment firm run by Anthony Scaramucci.

SkyBridge will use the money from FTX to buy $40 million in cryptocurrencies, which it will hold on its balance sheet. The timing is interesting as the value of SkyBridges current…

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Nearly 75% of retailers plan to accept cryptocurrency payments within the next 2 years according to a June survey conducted by Deloitte titled “Merchants getting ready for crypto.”

The report polled 2000 senior execs in the retail industry across a series of different verticals from electrons to food and beverage.

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Industrial miners in Texas have shut down their miners as the state geos through a heat wave with temperatures hitting 110 degrees. The state has already ask citizens to slow down use of AC’s and other heavy electricity hogs.

According to Lee Bratcher, president of the Texas Blockchain Council, “nearly…

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Zhu Su and Kyle Davies are doing their best Carman Sandiego. Lawyers representing the creditors say the physical whereabouts of the founders are “currently unknown”. There is a hearing scheduled for 9 am ET on Tuesday to discuss the liquidation process.

The documents, filed Friday evening, also allege that the…

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